Trump Win Could Force Gary Gensler’s SEC Resignation Warns 10X Research Report

YEREVAN (CoinChapter.com) — According to a market report from Markus Thielen, founder of 10X Research, SEC Chair Gary Gensler is expected to resign within the first two months of 2025. This prediction follows the anticipated end of President Joe Biden’s term. Thielen’s July 21 report highlights a historical trend where SEC Chairs step down when a new administration takes over.

Thielen states,

“With Joe Biden dropping out of the US Presidential race, no credible candidate can seriously challenge Donald Trump.”

This assumption suggests that Trump will win the November election. Thielen adds that Gensler’s term, set to end on June 5, 2026, will likely be cut short due to these political shifts.

J.D. Vance Slams Gensler’s Crypto Regulation Approach

The possibility of a Trump administration poses significant implications for the SEC. Thielen notes that Trump’s running mate, J.D. Vance, has criticized Gensler’s approach to crypto regulation. Vance has called Gensler the “worst person” to oversee crypto assets, citing a backward and overly politicized stance.

Thielen’s report indicates that a Trump presidency could be challenging for Gensler. This prediction aligns with a broader industry sentiment that Trump’s administration may favor a pro-crypto stance, which contrasts with Gensler’s regulatory approach.

Trump’s Expected Bitcoin Announcement Sparks Market Excitement

The upcoming Bitcoin conference in Tennessee on July 25 is generating buzz. Thielen mentions “multiple reports and rumors” about Trump making a significant announcement regarding Bitcoin. Speculation is high that Trump may declare Bitcoin as a strategic reserve asset. This announcement could lead to a substantial rise in Bitcoin’s price.

Thielen references Bitcoin’s previous bull market peak of $68,300 as a critical point. He suggests that Bitcoin could trade above this level following Trump’s announcement.

Analysts Optimistic as Bitcoin Steadies at $67,231

Despite the political turmoil in the US, several analysts remain optimistic about Bitcoin’s future. They believe the worst of Bitcoin’s price volatility is behind us. The market has already endured significant disruptions, including forced selling by the German government and the collapse of Mt. Gox exchange.

At the moment of writing, Bitcoin (BTC) is priced at $67,231.24, reflecting a 0.80% increase over the past day. The market capitalization stands at approximately $1.33 trillion, marking a 0.74% rise. The 24-hour trading volume has surged by 61.52%, reaching nearly $29.33 billion.

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